To me it looks like he's sold some as a tax loss or has needed some cash. That's basically all anyone can gather from this so far. It has also been a compensation for ratty being a director. He was in on the 10c raise from memory and might've asked for a seat but it was never going to last long as he wasn't suited for what Ahz proposes to achieve. Pretty stupid imo to be given a seat but he was the second biggest owner. How can a board say no in the company's life cycle? It's early on and was due to end imo. Code red should be now declared over.
If he has sold due to a change in attitude towards the company then that's he's emotional decision. He wouldn't be able to know for sure whether Ahz could achieve its said tasks. He's never worked in the industry!
I've looked at it like this and maybe the market has too?
The reaction when confirmed did nothing to the price. I honestly look at ratty as anyone else here. Many directors buy stakes in company's at the wrong time just like anyone else here. That's the human emotion. And I don't like to bag him and I don't think I have but in the game we need to be straight shooters.
At the end of the day we have WP who has led the company very well and he has made decisions that not everyone will like but at least he is making them and not too scared to make the bold calls such as the raise. Now ratty has left the company may be looked upon as worthy as investment because the second biggest owner isn't having too much of a say now on the board.
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